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Biogen BIIB Due from unconsolidated joint business

Due from unconsolidated joint business at other companies

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Other financials

Income statement

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Revenue$2.5B+1.9%
Gross profit$1.8B+0.8%
Operating income$610.7M
Net income$319.5M+32.8%
EPS (diluted)$2.15+31.1%

Balance sheet

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Cash & equivalents$3.4B+30.2%
Total debt$6.6B+34.7%
Total equity$18.7B+9.9%
Total assets$29.5B+5.2%

Cash flow

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Operating cash flow$645.5M+149%
CapEx$51.2M+38.0%
Free cash flow$594.3M+167%

Valuation

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Market cap$28.34B+45.4%
Enterprise value$31.52B+35.1%
P/E20×+7.2×
P/S2.9×+0.9×

Profitability

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Gross margin75.5%-0.1pp
Operating margin22.9%
Net margin14.3%-0.8pp
FCF margin24.4%-0.4pp

Returns & leverage

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Return on equity8%-1.2pp
Debt / equity0.4×+0.1×
Current ratio3.1×+1.6×

Where this comes from

Reported directly by Biogen in its filing.

Tagged under the XBRL concept biib:DueFromUnconsolidatedJointBusiness.

The official record: Biogen’s 10-K, filed February 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Biogen's due from unconsolidated joint business?
Biogen (BIIB) reported due from unconsolidated joint business of $524.6M in Q4 2025.
How has Biogen's due from unconsolidated joint business changed year-over-year?
Biogen's due from unconsolidated joint business increased by 13.1% year-over-year, from $464M to $524.6M.
What is the long-term trend for Biogen's due from unconsolidated joint business?
Over 5 years (2020 to 2025), Biogen's due from unconsolidated joint business has grown at a 4.9% compound annual growth rate (CAGR), from $413.5M to $524.6M.
What does due from unconsolidated joint business mean?
This represents receivables or amounts owed to the company arising from collaborative arrangements or joint ventures that are not consolidated in the financial statements. For Biogen, this often relates to profit-sharing or cost-sharing agreements with partners like Roche or Eisai. It highlights the financial interdependencies inherent in the company's collaborative business model.